Company Update

Paul Merchants Limited's material wholly-owned subsidiary, Paul Merchants Finance Private Limited (PMFPL), has prematurely redeemed its Secured, Unlisted, Taxable, Redeemable Non-Convertible Debentures (NCDs). The subsidiary paid off the NCDs totaling Rs. 7.09 crore, including the principal amount and accrued interest.

This early redemption signifies a proactive debt management strategy and strengthens the financial position of the subsidiary, potentially improving its balance sheet and reducing future interest obligations.

This move highlights the company's focus on efficient capital management.